Brent crude falls 5.00% intraday to $106.10/bbl. WTI slips below $97/bbl, down 4.97% on the day.

Beijing, Nov 3 — China foreign minister Wang Yi met Laos deputy prime minister and foreign minister Thongsavanh ahead of the Lancang‑Mekong Cooperation foreign ministers’ meeting. Wang briefed Thongsavanh on last week’s CPC 20th Central Committee Fifth Plenum, saying the plenum approved decisions to persistently advance comprehensive strict Party governance under Xi’s party‑building thought and set strategic deployments to provide political guarantees for implementing the 15th Five‑Year Plan and promoting Chinese‑style modernization. He said the plenum’s outcomes will create new opportunities for China‑Laos cooperation. The two sides will prepare high‑level exchanges, use the China‑Laos Economic Corridor joint committee mechanism, and speed up construction of the China‑Laos railway and cooperation on trade, mining and related sectors.

泰國財政部：內閣批准將整車進口電動汽車的稅率從10%上調至35%。